ILDING PO BOX 1148, SANTA FE, NEW MEXICO 87504-1148 LESSEE: SECTION 10 OF THE NEW MEXICO ENABLING ACT SPECIFICALLY REQUIRES THAT ALL STATE LAND TO DE LEASED DE APPRAISED AT ITS TRUE VALUE. STATE LAW, UNDER SECTION 19-7-1 NMSA )978, FURTHRR PRFSCRIRES THAT SUCH APPRAISEMENT BE SECURED BY THE LESSEE WHEN ACQUIRING A L